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What's so bad about payday loans?
| Thriller National Security Agency Therapy | 03/21/17 |
| learning disabled location | 03/21/17 |
| Wine Shaky Skinny Woman Plaza | 03/21/17 |
| At-the-ready Bawdyhouse | 03/21/17 |
| charcoal blood rage native | 03/21/17 |
| peach codepig | 03/21/17 |
| Wild chocolate sex offender | 03/21/17 |
| demanding vivacious principal's office black woman | 03/21/17 |
| Sable Haunting Death Wish | 03/21/17 |
| demanding vivacious principal's office black woman | 03/21/17 |
| Honey-headed abusive mental disorder multi-billionaire | 03/21/17 |
| Crusty doobsian foreskin macaca | 03/21/17 |
| Jade Temple | 03/21/17 |
| bat-shit-crazy property wagecucks | 03/21/17 |
| Jade Temple | 03/21/17 |
| demanding vivacious principal's office black woman | 03/21/17 |
| Jade Temple | 03/21/17 |
| demanding vivacious principal's office black woman | 03/21/17 |
| Jade Temple | 03/21/17 |
| Sick Cyan Digit Ratio | 03/21/17 |
| bat-shit-crazy property wagecucks | 03/21/17 |
| electric cerise resort | 03/21/17 |
| demanding vivacious principal's office black woman | 03/21/17 |
| learning disabled location | 03/21/17 |
| bat-shit-crazy property wagecucks | 03/21/17 |
| slimy bisexual place of business | 03/21/17 |
| Honey-headed abusive mental disorder multi-billionaire | 03/21/17 |
Poast new message in this thread
Date: March 21st, 2017 12:55 PM Author: Thriller National Security Agency Therapy (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880925) |
Date: March 21st, 2017 12:55 PM Author: learning disabled location (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880929) |
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Date: March 21st, 2017 12:56 PM Author: Wine Shaky Skinny Woman Plaza * purple drank (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880944) |
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Date: March 21st, 2017 12:57 PM Author: At-the-ready Bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880952) |
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Date: March 21st, 2017 12:56 PM Author: charcoal blood rage native (chandler) (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880937) |
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Date: March 21st, 2017 12:57 PM Author: peach codepig tbh i'm not entirely sure how much people who dislike them think it's about them not being clear about their fee structure and how much it's just about high interest rates and other fees even if they'd still be pretty damn high just to cover credit risk even if you didn't care about making money beyond breaking even (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880958) |
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Date: March 21st, 2017 1:31 PM Author: Wild chocolate sex offender They're very very clear. Poors reason they'll just never pay them back anyway (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881240) |
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Date: March 21st, 2017 1:00 PM Author: demanding vivacious principal's office black woman Because they are usurious and perpetuate a cycle of poverty. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32880991) |
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Date: March 21st, 2017 1:28 PM Author: Sable Haunting Death Wish There's a market for poverty. People seem to love it. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881222) |
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Date: March 21st, 2017 1:29 PM Author: demanding vivacious principal's office black woman Pigs do like to rue in their own shit. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881231) |
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Date: March 21st, 2017 3:29 PM Author: Honey-headed abusive mental disorder multi-billionaire (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32882175) |
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Date: March 21st, 2017 2:01 PM Author: Crusty doobsian foreskin macaca tcr (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881470) |
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Date: March 21st, 2017 2:39 PM Author: Jade Temple *leans into mic*
In a profitability analysis by Fordham Journal of Corporate & Financial Law, it was determined that the average profit margin from seven publicly traded payday lending companies (including pawn shops) in the U.S. was 7.63%, and for pure payday lenders it was 3.57%. These averages are less than those of other traditional lending institutions such as credit unions and banks. Comparatively the profit margin of Starbucks for the measured time period was just over 9%, and comparison lenders had an average profit margin of 13.04%. These comparison lenders were mainstream companies: Capital One, GE Capital, HSBC, Money Tree, and American Express Credit.
Payday lenders aren’t charging outrageous interest rates so they can get fat off the profits. They’re charging outrageous interest rates because loaning money to poor people who often fail to pay back their loans is a hard business to break even on. |
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Date: March 21st, 2017 2:43 PM Author: bat-shit-crazy property wagecucks you need to study more and retake. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881772) |
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Date: March 21st, 2017 2:46 PM Author: Jade Temple if their business model is wrong go open a chain with lower rates and steal their customers (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881807) |
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Date: March 21st, 2017 2:51 PM Author: demanding vivacious principal's office black woman Poor people would sell their babies if it was legal. They make bad decisions, hence their poorness. We must protect them from their own stupidity. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881851) |
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Date: March 21st, 2017 2:52 PM Author: Jade Temple (urban elitist registered Democrat) (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881860) |
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Date: March 21st, 2017 2:53 PM Author: demanding vivacious principal's office black woman YNY. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881871) |
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Date: March 21st, 2017 2:40 PM Author: Jade Temple relatedly, Professors of social science think check-cashing shops are evil because they charge the poor higher rates, so they should be regulated away so that poor people don’t foolishly shoot themselves in the foot by going to them. But on closer inspection, they offer a better deal for the poor than banks do, for complicated reasons that aren’t visible just by comparing the raw numbers.
http://www.businessinsider.com/check-cashing-stores-good-deal-upenn-professor-2017-2 |
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Date: March 21st, 2017 1:43 PM Author: Sick Cyan Digit Ratio To what extent should one be able to fuck stupid people? (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881332) |
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Date: March 21st, 2017 2:00 PM Author: bat-shit-crazy property wagecucks cq. i'm all for allowing people to make mistakes, but people living in poverty impose a ton of collateral costs on our entitlement society. at some point, the benefit of allowing people to contract freely is outweighed by agreements that make it virtually certain that someone will remain in poverty and continue to leech off of taxpayers/commit crimes their entire lives. (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881458) |
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Date: March 21st, 2017 2:06 PM Author: electric cerise resort (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881498) |
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Date: March 21st, 2017 2:24 PM Author: demanding vivacious principal's office black woman (guy who doesn't own a Rent-A-Center franchise) (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881630) |
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Date: March 21st, 2017 2:33 PM Author: learning disabled location (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881675) |
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Date: March 21st, 2017 2:38 PM Author: bat-shit-crazy property wagecucks (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881713) |
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Date: March 21st, 2017 2:49 PM Author: slimy bisexual place of business poors love payday loan stores. they would be lost in a world without them (http://www.autoadmit.com/thread.php?thread_id=3559783&forum_id=2#32881825) |
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Date: March 21st, 2017 2:59 PM Author: Honey-headed abusive mental disorder multi-billionaire I only oppose these to the extent the lenders mislead the recipients about loan terms. There is a fair amount of lying that goes on at the payday loan level despite regs.
I don't oppose the high interest rates or the existence of payday loans though. The only access to credit for these sort of people will come at a high rate bc of the risk. |